The China Mail - Fossil fuelled: Climate talks begin with spotlight on oil chief

USD -
AED 3.672494
AFN 64.999743
ALL 80.761235
AMD 360.982284
ANG 1.789785
AOA 917.000094
ARS 1547.506848
AUD 1.426544
AWG 1.8
AZN 1.697068
BAM 1.737655
BBD 2.013789
BDT 124.482471
BGN 1.747831
BHD 0.377511
BIF 2987.543757
BMD 1
BND 1.278142
BOB 12.12307
BRL 5.460698
BSD 0.999876
BTN 94.576825
BWP 13.727633
BYN 2.983457
BYR 19600
BZD 2.010946
CAD 1.39503
CDF 2314.999866
CHF 0.81448
CLF 0.024532
CLP 965.479702
CNY 6.669799
CNH 6.66659
COP 3229.75
CRC 454.196116
CUC 1
CUP 23.996482
CVE 97.96631
CZK 21.56415
DJF 178.04787
DKK 6.637502
DOP 60.044158
DZD 135.825634
EGP 54.653305
ERN 15
ETB 164.108289
EUR 0.88795
FJD 2.24175
FKP 0.743037
GBP 0.741195
GEL 2.605024
GGP 0.743037
GHS 11.633527
GIP 0.743037
GMD 74.503195
GNF 8859.999896
GTQ 7.640777
GYD 209.490556
HKD 7.844265
HNL 26.874159
HRK 6.76901
HTG 130.993736
HUF 321.798964
IDR 18102
ILS 3.15995
IMP 0.743037
INR 94.510797
IQD 1515.805747
IRR 1883408.498647
ISK 121.310194
JEP 0.743037
JMD 158.490264
JOD 0.709012
JPY 157.938497
KES 129.95052
KGS 87.449977
KHR 4065.567945
KMF 441.000169
KPW 899.999961
KRW 1343.175028
KWD 0.31068
KYD 0.8332
KZT 451.907529
LAK 22510.972511
LBP 89536.844537
LKR 332.702525
LRD 169.971747
LSL 16.458322
LTL 2.95274
LVL 0.60489
LYD 6.411145
MAD 9.767223
MDL 17.932726
MGA 4516.054516
MKD 54.652015
MMK 2099.845134
MNT 3601.453525
MOP 8.0795
MRU 40.672394
MUR 47.009856
MVR 15.455007
MWK 1733.74558
MXN 18.570715
MYR 4.048101
MZN 63.910382
NAD 16.458322
NGN 1346.410288
NIO 36.791229
NOK 9.297399
NPR 151.327626
NZD 1.771905
OMR 0.384504
PAB 0.999964
PEN 3.451055
PGK 4.486835
PHP 63.100501
PKR 276.584484
PLN 3.89515
PYG 6062.867601
QAR 3.645272
RON 4.742802
RSD 104.472028
RUB 81.802231
RWF 1471.300315
SAR 3.756339
SBD 8.051718
SCR 13.835724
SDG 601.506428
SEK 9.703815
SGD 1.276498
SHP 0.745545
SLE 22.909899
SLL 20969.504398
SOS 571.481881
SRD 37.563991
STD 20697.981008
STN 21.767813
SVC 8.74869
SYP 13001.999685
SZL 16.449882
THB 33.434032
TJS 9.223662
TMT 3.51
TND 2.979992
TOP 2.40776
TRY 50.043497
TTD 6.77808
TWD 33.008496
TZS 2647.034973
UAH 45.533522
UGX 4104.696412
UYU 40.202925
UZS 11888.515735
VES 893.768982
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 582.45706
XAG 0.019006
XAU 0.000242506548
XCD 2.70255
XCG 1.801979
XDR 0.707052
XOF 582.45706
XPF 105.958029
YER 236.175026
ZAR 16.354298
ZMK 9001.195056
ZMW 20.278266
ZWL 321.999592
SSP 5745.516508
MXV 2.089813
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Fossil fuelled: Climate talks begin with spotlight on oil chief
Fossil fuelled: Climate talks begin with spotlight on oil chief / Photo: © AFP

Fossil fuelled: Climate talks begin with spotlight on oil chief

The future of fossil fuels -- the leading source of planet-heating emissions -- will face scrutiny at UN climate negotiations Monday with an under-fire Emirati oil chief poised to step into the driver's seat.

Text size:

As the world struggles to limit warming to 1.5 degrees Celsius above preindustrial levels, pressure is on the UAE to arrive in Germany with ambitious plans for its presidency of Dubai's December COP28 climate summit.

The choice of Sultan al-Jaber -- head of the Abu Dhabi National Oil Company, or ADNOC -- to head COP28 has triggered calls from campaigners and lawmakers for him to step aside.

Al-Jaber favours the rapid development of renewable energy. But he has also focused on tackling carbon emissions -- with controversial technologies to capture CO2 -- rather than reducing the use of fossil fuels, insisting they will have a key role in the energy transition.

"The presidency needs to quickly show where its ambition lies: ramping up the renewables is part of it but recognising that won't be enough for this COP," said Laurence Tubiana, head of the European Climate Foundation.

She added it was critical to "recognise that the fossil era is ending".

On Sunday, the United Arab Emirates' Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan, responsible for overseeing the preparations for COP28, met with US special presidential envoy for climate John Kerry, in a meeting attended by al-Jaber.

The three reviewed UAE-US initiatives including "The UAE-US Partnership for Accelerating Clean Energy (PACE), which will catalyse $100 billion in financing," a statement said.

Last year's UN climate summit in Egypt reached a landmark deal to help vulnerable countries cope with climate-enhanced disasters, but failed to toughen up commitments to tackle emissions, despite backing from more than 80 countries.

The Bonn meeting will strive to close the gap on a past-due promise of $100 billion per year to help poorer countries make their economies greener and prepare for future climate shocks.

Observers will also look for signs of how nearly 200 nations represented will respond to the first-ever "Global Stocktake", due in September, of progress made in reducing carbon emissions.

The assessment will echo a UN report warning that the world may cross the 1.5C warming threshold within a decade. The report also said existing fossil fuel infrastructure could tip global temperatures over the edge if its carbon pollution is allowed to escape into the atmosphere.

Meanwhile, emissions -- which must drop nearly 50 percent by 2030 to keep the Paris climate treaty goals within reach -- continue to rise.

- Existential threat -

The 2015 Paris deal calls on countries to limit global warming "well below" two degrees Celsius, or preferably 1.5C, a safer limit that would still have severe implications for millions.

It does not say how the world will meet that challenge.

Among the most vocal advocates of slashing fossil fuel use are small island nations that could be wiped off the map within decades by rising sea levels.

"Fossil fuels are certainly the main culprit in this climate change fight," Samuelu Laloniu, special envoy of the government of Tuvalu, told AFP in Paris.

"What is at stake for Tuvalu is the entire country."

Tuvalu last year joined South Pacific neighbour Vanuatu in backing a Fossil Fuel Non-Proliferation Treaty.

Recent years have seen a crescendo of temperature records and climate-driven disasters worldwide, mostly in poorer regions least responsible for the problem.

Russia's invasion of Ukraine has provoked a surge in gas investments, even if renewables are also booming.

In May the G7 group of wealthy nations committed to "accelerate the phase-out of unabated fossil fuels", but defended investment in the gas sector as a "temporary response" to the energy crisis.

"Unabated" means without the technology to capture CO2 emissions before they reach the atmosphere.

- Decarbonising -

One issue with broad support across nations is the IEA call to triple new renewable capacity by 2030.

The intergovernmental body projects that clean energy investment -- including renewables and nuclear -- will hit a record $1.7 trillion in 2023. Fossil fuel investment is still predicted to exceed $1 trillion.

IEA chief Fatih Birol has lambasted the oil and gas industry -- with a record net income of $4 trillion last year -- for its lacklustre renewables investment despite the "unprecedented cash windfall".

The COP28 presidency has pushed back on criticism of al-Jaber, citing his work in the renewables sector.

But he heads to Bonn just weeks after more than a hundred members of the United States Congress and the European Parliament issued an extraordinary demand for him to be removed from his post.

Oil producer the UAE might stop using its oil but does not plan to stop pumping it for the international market, said Karim Elgendy, associate fellow at Chatham House.

He told a briefing it might be "inclined to keep saying things like the world will need oil simply because it needs to maintain that customer".

P.Ho--ThChM